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“The current offer on the table from the NBA is one that we cannot accept,” players’ association president Derek Fisher said.

Instead, the players said they will ask for another meeting with owners before Stern’s Wednesday afternoon deadline in an attempt to end the lockout and save the season.

The league’s current proposal calls for players to receive between 49 percent and 51 percent of basketball-related income, though union officials argue it would be nearly impossible to get above 50.2 percent.

“The players are clearly of the mind that it’s an unacceptable proposal,” union executive director Billy Hunter said. “But because of their commitment to the game and their desire to play, they’re saying to us that we want you to go back, see if you can go back, get a better deal.”

Players are willing to negotiate further on the revenue split if they get some concessions on the salary cap system. Without them, Fisher said “we don’t see a way of getting a deal done between now and end of business” Wednesday.

The league is seeking to limit the spending options of teams above the luxury tax threshold, believing that would lead to greater competitive balance. Players want all teams to be options for free agents.

If players don’t take the deal by 5 p.m. Wednesday, the next offer will call for salary rollbacks, a 53-47 revenue split in the owners’ favor and essentially a hard salary cap.

And, Hunter said he heard, games canceled through Christmas — though NBA spokesman Mike Bass said the league had nothing to announce about cancellations.

The players insisted they will not be forced into taking a bad deal by an ultimatum — though Stern refused to call it that.

“The players are saying that we understand their position, but unfortunately we’re not intimidated by all that,” Hunter said.

With more than 40 players ranging from All-Stars to minimum salary players behind them, Fisher and Hunter dismissed Stern’s warning, had hard words for Michael Jordan and repeated that they are willing to negotiate and believe they have made more than enough economic concessions to get the salary cap system they want.

That message was not just for the owners.

They also were speaking to the players and agents who advocate disbanding the union in an attempt to take on the league in court. Union leaders said there was very little discussion about decertification, saying they understand there would be differences of opinion with a membership of 450, but that the team representatives summoned to New York knew the best interests of their teammates.

The union called the meeting after Stern issued his ultimatum early Sunday morning following an eight-hour bargaining session with a federal mediator. Fisher said 43 players, including superstars Carmelo Anthony and Blake Griffin, attended the meeting and that 29 of the 30 teams were represented.

Jordan provided perhaps the most memorable moment of the last lockout, chastising former Washington owner Abe Pollin that he should sell his team if he couldn’t make a profit without concessions from players. Jordan now owns the Charlotte Bobcats and is considered one of the hardliners who never wanted Stern to offer the players a 50-50 split.

“I would give him the advice that he gave to Abe Pollin,” Hunter said.

After the press conference, Fisher bumped into an old acquaintance from Arkansas, former President Bill Clinton, who was at the hotel preparing to appear on an evening talk show. Clinton signed a copy of his new book, “Back to Work” for Fisher as players looked on.

Next, Fisher would like to meet with Stern, believing there is room to compromise.

After previously saying they wouldn’t go below 52.5 percent of BRI, players said Saturday they would be willing to go down to about 51 percent, with 1 percent going to a fund for retired player benefits.

They might go even further, but only with some movement on the system issues.

“We’re open to discussions, open to negotiation,” Fisher said. “We’re open minded about potential compromises on our number, but there are things in the system that are not up for discussion that we have to have in order to able to get this season going.”